
GS25 Sales to North American Shoppers Jump 131 Percent
The surge brought North American visitors to about 30 percent of foreign sales at the South Korean chain, trailing only shoppers from Greater China.
Tag
301 stories in this topic

The surge brought North American visitors to about 30 percent of foreign sales at the South Korean chain, trailing only shoppers from Greater China.

Refrigerator and apparel sales also posted double-digit growth in the July-September quarter despite price increases.

A 24.8 percent drop in vehicle assembly lines pulled down broader consumer durable spending and factory investment across South Korea.

LVMH shares touched six-year lows following an 11 per cent drop in September, hit by weakening sales across Asia ex-Japan and the United States.

The flagship SUV accounted for more than 62 per cent of the brand’s volume through August as price adjustments and a five-seat layout widened its market reach.

A worsening property market downturn and investment slump reinforced concerns over economic imbalances in the world’s second-largest economy.

Persistent cost of living pressures led households to curb discretionary purchases, catching shopping mall and high street operators off guard.

The country’s annual trade surplus topped $800 billion as Beijing policymakers face mounting pressure to deliver new economic stimulus.

Urban migrant households save 54 per cent of their income on average compared with 36 per cent for registered residents, according to HSBC.

Singapore retail sales excluding motor vehicles reached SG$3.7 billion in July as sporting goods and jewellery offset drops in grocery and department stores.

Department store revenue climbed 4.3 per cent even as nationwide apparel sales dropped 6.6 per cent during the month.

The sharper-than-expected decline marks eight straight months of contraction as households cut back on food and transport.

Online shopping reached HK$2.8 billion during the month as jewellery and watch sales led gains across the territory.

Foldable handset shipments hit 190,000 units in the first quarter of 2026, posting triple-digit annual growth despite a flat broader market.

Private-label brand Transform-U surged to eight per cent of total sales as the personal grooming specialist expanded its store footprint to 127 locations.

Electric vehicle maker BYD and luxury jeweller Laopu Gold lead a lineup of roughly 370 regional index members reporting financial results this week.
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.